Friday, May 30, 2008
Comedy club chief lays into Nationwide
mortgagestrategy: Assetz urges banks to stop profiteering
Property investment firm Assetz says banks’ profiteering is lowering house prices. The accusation comes after Nationwide reported a 2.5% monthly fall drop in house prices, while the Land Registry House Price Index recorded a 0.2% drop. Stuart Law, chief executive of Assetz, says: “The marginal 0.2% monthly fall in house prices provides a true reflection of the current housing market and is far removed from the spurious 2.5% fall suggested by Nationwide earlier this week.
Posted by jack c @ 07:04 PM (791 views) Add Comment
18 Comments
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1. hpwatcher said...
Silly s*d. Someone please explain the figures to him.....
2. hpwatcher said...
I have absolute no idea why people paste post links to comments that Stuart Law has made, all you are doing is sending traffic to the site - and page - which will only encourage the content providers of that site to go back to the idiot and get more of his rubbish opinions!
3. trough2010 said...
Awwwwwww, someone's sulking in his corner...
4. pelethar said...
Personally I like to see the alternative point of view, however moronic. We do ourselves no favours by just surrounding ourselves with articles we all agree with.
5. trough2010 said...
hpwatcher - I think it's okay to post these pieces of spin on this website. I find them quite entertaining. I also think most people will see through it all.
6. pelethar said...
Certainly far more interesting and relevant than endless stories about the banking system in Australia or the decoupling of gold and oil prices.
7. hpwatcher said...
I get that, but these guys - Law et al - are fighting a war of propaganda and misinformation. My point is that the HPC website is probably directing a hell of a lot of traffic to his comments; he isn't someone that I want to do any favours for, that's all!
8. Mytimeisnigh said...
Better than the end of the world sh*t.
9. pelethar said...
Yep definitely agree with the second part!
10. Davros said...
Come on guys, as if the views of property market fantasist Stuart Law is going to make the slightest bit of difference to the outcome of the housing market. If he lures are few more buy to letters into buying at the top of the market, more fool them.
11. paul said...
hpwatcher, I shouldn't worry too much about traffic and stuff. If a large percentrage of his readership is coming from here, he's already lost the information law.
12. confused76 said...
i think posting my assetz press releases is fun
13. icarus said...
He didn't accuse the banks of profiteering when....... oh, why bother to go on. Yes, they're profiteering, but not on mortgages any more - mortgage lending is so profitable that the Crock is halving its mortgage book.
14. housebear said...
More more more more Assetz postings please!!
They make me laugh out loud!
15. drewster said...
It's like watching a car crash, you just can't help but stare in disbelief....
16. uncle tom said...
Congratulations Mr Law - you've made us all laugh - again...
Shall we run a book on how long it is before these little moments of joy finally dry up?
17. new user 2007 said...
What will he say when the Land Registry figures, which are merely lagged data of the other indices, also show big falls?
As ever, the media did not have the power to raise the market (that was all "fundamentals") but now it is the fault of the media...
...he is talking to his target audience (BTL saps in the pyramid scheme), not to us.
He of course has been running a charity and made nothing while the banks have been "profiteering".
18. Claird said...
I love the way Stuart thinks it is ok for landlords to profiteer (or try to) but it is wrong wrong wrong for anyone else! I think poor Stuart is an angry man. And who taught him the word 'spurious'? He has been using an online Thesaurus I bet.